Upcoming IPO, SBL Infratech IPO Details with Share Price Range and Issue Size

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SBL Infratech Ltd IPO Details:

SBL Infratech Ltd. has announced public offering of 213600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 101.00 per share. The gross proceeds of the issue are expected to be Rs 237.10 lakhs.

The company's initial public offer (IPO) will open on 16 September 2021 and is expected to close on 20 September 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 213600 Equity Shares of the Company at an price of Rs 111.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

SBL Infratech Ltd. anticipates using the proceeds of the issue for

• To meet out the Working Capital requirements of the Company;
• To meet out the General Corporate Purposes; and
• To meet out the Issue Expenses

The Company believes that listing will enhance the Company‘s corporate image, brand name and create a public market for its Equity Shares in India The main objects clause of the Memorandum enables our Company to undertake the activities for which funds are being raised in the Issue The existing activities of the Company are within the objects clause of the Memorandum The fund requirement and deployment is based on internal management estimates and has not been appraised by any bank or financial institution.

Fast Track Finsec Private Limited as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.

If the SBL Infratech Ltd IPO is something that you’re looking to invest in come Sep 16, 2021, it would be a good idea to start the demat account opening process right away. Contact Libord Broking now to open demat account online within minutes.

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